1、 Price trend

Aniline prices in Shandong and Nanjing were slightly higher this week, according to the data in the bulk list of business agencies. On Friday, the market price of aniline in Shandong was 6500 yuan / ton, 0.78% higher than that of 6450 yuan / ton on Friday, and in Nanjing was 6800 yuan / ton, 0.74% higher than that of 6750 yuan / ton on Friday.

2、 Analysis and comment

Raw materials: the listing price of pure benzene on Friday is 5700-5950 yuan / ton, up 2.08% from last Friday. This week’s pure benzene port inventory continued to decline from last week, but data showed that inventory picked up in the middle of the week. In the week, Sinopec raised its listing price by 200 yuan / ton to 5950 yuan / ton, driving other enterprises to keep up. However, it is heard that there are large styrene factories in the downstream planning to shut down. In addition, enterprises in Shandong Province are not able to deliver goods smoothly. In the second half of the week, the market mentality is empty, and the price will drop slightly near the weekend.

Product: affected by the rising cost, aniline rose by 50 yuan / ton this week. After pure benzene Market weakened, aniline enterprises to stabilize the price of inventory.

3、 Future expectation

Raw materials: the profit level of downstream product enterprises is low, and there is a large styrene plant planned to be overhauled, so the demand for pure benzene will be greatly affected. In addition, the closing of the arbitrage window of the Asian American market in the outer market has a negative impact. Pure benzene is expected to weaken slightly next week.

At present, aniline inventory has been released to a certain extent, and it is expected that the stable and weak operation of aniline will prevail in the short term. Pay attention to the trend of pure benzene and downstream demand in the later stage.